earnings
confidence high
sentiment positive
materiality 0.75
TFS Financial reports Q3 net income $17.1M; loan growth $766M, margin improves
TFS Financial CORP
2022-Q3 EPS reported
$0.17
- Net income of $17.1M for quarter ended June 30, 2022, up from $15.8M prior quarter.
- Net interest income rose 13.6% QoQ to $71.3M; interest rate spread improved to 1.86% from 1.71%.
- Loan growth of $766M, up 67% from $453M last quarter; total loans held for investment $13.9B.
- Quarterly dividend maintained at $0.2825 per share; MHC members approved dividend waiver through July 2023.
- Non-accrual loans fell to 0.27% of total loans; net recoveries continued at $2.7M for the quarter.